Why is Cera Sanitary. falling/rising?

As of 20-Jun, Cera Sanitaryware Ltd's stock price is currently at 6,587.65, reflecting a decrease of 217.85, or 3.2%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 6.31% during this period. Today's trading saw the stock reach an intraday low of Rs 6,552.55, indicating significant selling pressure. Despite a high management efficiency with a return on equity (ROE) of 16.16% and a low debt-to-equity ratio, the stock's performance over the past year has been poor, with a return of -20.47%. However, the company has seen a slight increase in profits by 3.1%, and its valuation remains attractive with a price-to-book value of 6.3, suggesting that it is trading at a fair value compared to peers.
In the broader market context, Cera Sanitaryware Ltd's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.59% over the past week. The stock's one-week return of -6.09% indicates a significant underperformance relative to the market. While the stock has shown some resilience over longer periods, such as a 62.97% increase over three years, the current short-term trends and recent declines suggest a lack of investor confidence, despite rising institutional holdings at 27.52%. This context highlights the challenges the stock faces in regaining momentum amidst broader market gains.